Short Interest in First Trust Income Opportunities ETF (NASDAQ:FCEF) Drops By 59.5%

First Trust Income Opportunities ETF (NASDAQ:FCEF) saw a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 10,815 shares, a drop of 59.5% from the June 30th total of 26,690 shares. Based on an average daily trading volume, of 33,033 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.3% of the shares of the company are sold short.

First Trust Income Opportunities ETF Stock Up 0.3%

Shares of NASDAQ:FCEF opened at $23.77 on Monday. First Trust Income Opportunities ETF has a fifty-two week low of $21.95 and a fifty-two week high of $24.12. The firm has a 50-day simple moving average of $23.77 and a 200 day simple moving average of $23.46. The company has a market cap of $80.82 million, a PE ratio of 19.88 and a beta of 0.77.

First Trust Income Opportunities ETF Dividend Announcement

The business also recently announced a dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, July 14th will be paid a $0.1375 dividend. The ex-dividend date is Tuesday, July 14th.

Hedge Funds Weigh In On First Trust Income Opportunities ETF

Several institutional investors have recently made changes to their positions in FCEF. Western Wealth Management LLC bought a new stake in shares of First Trust Income Opportunities ETF in the 1st quarter worth approximately $51,000. Kestra Advisory Services LLC bought a new position in First Trust Income Opportunities ETF during the 4th quarter worth $102,000. Janney Montgomery Scott LLC bought a new position in First Trust Income Opportunities ETF during the 1st quarter worth $234,000. NewEdge Advisors LLC increased its position in First Trust Income Opportunities ETF by 330.6% in the first quarter. NewEdge Advisors LLC now owns 11,195 shares of the company’s stock worth $252,000 after buying an additional 8,595 shares during the period. Finally, International Assets Investment Management LLC acquired a new stake in First Trust Income Opportunities ETF in the fourth quarter worth $414,000.

First Trust Income Opportunities ETF Company Profile

The First Trust Income Opportunity ETF (FCEF) is an exchange-traded fund that is based on the S-Network Composite Closed-End Fund index. The fund is an actively managed ETF that holds closed-end funds to get exposure to US and non-US equity, fixed income securities, and commodities. The fund’s primary objective is to provide current income. FCEF was launched on Sep 27, 2016 and is managed by First Trust.